22 June, 2015
The Board of Randall & Quilter (AIM:RQIH), the specialist non-life insurance investor, service provider and underwriting manager, is pleased to announce the Group’s final results for the year ended 31 December 2014.
2014 was a challenging year financially but we remain confident about the prospects and outlook for the Group. Key highlights include:
However, as commented on in the 2014 interim results and subsequent trading updates, the 2014 result was adversely impacted by reserve deterioration in R&Q Re US, the legal costs relating to the recently concluded Syndicate 102 arbitration and weaker than expected trading in the Group’s US service operations.
The Board is proposing a final return of capital in respect of the 2014 financial year of 5.0 pence per share to those shareholders on the register on 28 July 2015, with payments expected to be made on or around 10 August 2015.
This will bring the total for the year to 8.4p per share (2013: 8.4p per share), reflecting our confidence in the Group’s underlying trading and future prospects. There will be no option to receive an income dividend and the return of capital remains subject to the customary approval of the Group’s shareholders at the forthcoming Annual General Meeting.
The Company has been notified that on 11 July 2019 Alan Quilter, Joint Chief Executive Officer and Chief Financial Officer of the Company, sold 400,000 of his holding of ordinary shares in the Company. Mr Quilter continues to hold 2,992,088 …
Randall & Quilter Investment Holdings Ltd. (‘R&Q’ or ‘the Group’) is pleased to announce that its wholly owned subsidiary, Accredited Surety & Casualty Company Inc (‘ASCC’), has signed a loss portfolio transfer agreement with Northern California Regional Liability Excess Fund …
Randall & Quilter Investment Holdings Ltd. (‘R&Q’ or ‘the Group’) is pleased to announce that its wholly owned subsidiary, Randall & Quilter II Holdings Limited, has signed an agreement to acquire, subject to regulatory approval from the Bermuda Monetary Authority …